Spices; Saffron Price in Bahrain - 2022
Contents:
- Spices; Saffron Price in Bahrain (CIF) - 2022
- Spices; Saffron Price in Bahrain (FOB) - 2022
- Spices; Saffron Imports in Bahrain
- Spices; Saffron Exports in Bahrain
Spices; Saffron Price in Bahrain (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $427,603 per ton, with an increase of 80% against the previous year. Over the period under review, the import price saw buoyant growth. The import price peaked at $444,387 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($821,236 per ton), while the price for Sri Lanka ($13,349 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Bahrain (FOB) - 2022
The average spices; saffron export price stood at $45,422 per ton in 2022, falling by -9.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 54%. As a result, the export price reached the peak level of $72,316 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($49,181 per ton), while the average price for exports to Oman ($6,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Saffron Imports in Bahrain
After three years of growth, purchases abroad of spices; saffra decreased by -71% to 3.4 tons in 2022. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 116% against the previous year.
In value terms, spices; saffron imports contracted remarkably to $1.4M in 2022. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 27%.
| Import of Spices; Saffron in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1,340 | 1,790 | 2,386 | 1,217 | -3.2% |
| Spain | 351 | 342 | 219 | 195 | -17.8% |
| United Arab Emirates | 26.1 | 15.6 | 27.9 | 14.4 | -18.0% |
| India | 0.3 | 29.8 | 23.6 | 6.7 | 181.6% |
| Saudi Arabia | 3.7 | 22.5 | 3.7 | 1.9 | -19.9% |
| Sri Lanka | N/A | N/A | N/A | 1.1 | 0% |
| Portugal | 37.0 | 32.1 | 27.1 | N/A | -14.4% |
| Turkey | 8.6 | 33.2 | 54.0 | N/A | 150.6% |
| Others | 27.1 | 11.2 | 20.0 | 2.4 | -55.4% |
| Total | 1,794 | 2,277 | 2,762 | 1,438 | -7.1% |
Top Suppliers of Spices; Saffron to Bahrain in 2022:
- Iran (2559.0 kg)
- India (241.0 kg)
- Spain (237.0 kg)
- United Arab Emirates (123.0 kg)
- Saudi Arabia (100.0 kg)
- Sri Lanka (86.0 kg)
Spices; Saffron Exports in Bahrain
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; saffra, when their volume decreased by -32.2% to 2.2 tons. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 474% against the previous year. As a result, the exports attained the peak of 3.3 tons, and then declined remarkably in the following year.
In value terms, spices; saffron exports contracted rapidly to $102K in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 349% against the previous year. As a result, the exports attained the peak of $166K, and then shrank dramatically in the following year.
| Export of Spices; Saffron in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 23.4 | 127 | 78.0 | 117.3% |
| Saudi Arabia | 9.4 | 7.9 | 32.1 | 19.7 | 28.0% |
| Oman | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Others | 6.2 | 5.5 | 7.0 | 3.6 | -16.6% |
| Total | 23.7 | 37.0 | 166 | 102 | 62.7% |
Top Export Markets for Spices; Saffron from Bahrain in 2022:
- United States (1585.0 kg)
- Saudi Arabia (611.0 kg)
- Oman (32.0 kg)
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